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Jan 21, 2013
01/13
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KPIX
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be held wednesday to raise the debt ceiling temporarily. why would they do something like this, which might seem at first blush to be backing down. there were a couple of reasons, scott. first of all they looked at polling when they were out there at that retreat it looks like the polling that you were just talking about. it showed that americans by a pretty significant margin trust the president over house republicans when it comes to things like the deficit which is one of their signature issues. and spending and the economy. what republican leaders were trying to convey to some of their more junior members, perhaps who like the idea of really holding the white house's feet to the fire on issues like this, if we want to be seen as a governing party not just an opposition party that is constantly threatening to take the government in to a shutdown or default we are going to have to show that we are reasonable. and the fact is that they are going to hold this vote now and they still get another bite of the apple three months from now to try
be held wednesday to raise the debt ceiling temporarily. why would they do something like this, which might seem at first blush to be backing down. there were a couple of reasons, scott. first of all they looked at polling when they were out there at that retreat it looks like the polling that you were just talking about. it showed that americans by a pretty significant margin trust the president over house republicans when it comes to things like the deficit which is one of their signature...
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Jan 21, 2013
01/13
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KNTV
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let us raise the debt ceiling. no strings attached. and if the president can raise it as he should be able to and if congress wants to reject it 2/3. the mcconnell proposal is a good republican proposal. i hope you support it. that's the way to go. >> a bill that says regardless of what happens with the debt ceiling, the united states will never default on the debt, would you support that or not? >> i support the concept. i'd have to look at the bill. the best way to do that is the mcconnell act. >> we may have just made news. >>> last week, general colin powell was here worried about a dark vein of intolerance in republican quarters. you are part of a stream of new faces in the republican party, minority faces and voices in the party that seem to stand against that. how did you respond to it? >> well, i saw that interview. i respect general powell a great deal. i was disappointed with those comments. i think he was buying into some of the partisan attacks. if you look at this last election, for example, i think the most racially divis
let us raise the debt ceiling. no strings attached. and if the president can raise it as he should be able to and if congress wants to reject it 2/3. the mcconnell proposal is a good republican proposal. i hope you support it. that's the way to go. >> a bill that says regardless of what happens with the debt ceiling, the united states will never default on the debt, would you support that or not? >> i support the concept. i'd have to look at the bill. the best way to do that is the...
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Jan 21, 2013
01/13
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FOXNEWSW
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ceiling has to have tax loopholes closed. speaker boehner brought the 800 billion in loop whole closures in the beginning of the fiscal cliff negotiation that should be a part of this deal. despite the fact that the president wanted rate increase on the fiscal deal and that's all they want. >> you can see the democrats and white house believe they have the argument in their back pocket. they offered once they can call on it again if they are going to concede on any spending cuts. none have been discussed at least in the short term are going to solve the problem. the only way you solve the problem is by structural entitlement reform. you have to change the trajectory. it is not 50 billion from defense spending there. it would have an impact in our capability in context with the military but the only way you get serious and change the trajectory of the debt is to have entitlement reform. >> what does that take? we are europe and finally we have to do something about it? >> i think charles's point this is a president who wouldn'
ceiling has to have tax loopholes closed. speaker boehner brought the 800 billion in loop whole closures in the beginning of the fiscal cliff negotiation that should be a part of this deal. despite the fact that the president wanted rate increase on the fiscal deal and that's all they want. >> you can see the democrats and white house believe they have the argument in their back pocket. they offered once they can call on it again if they are going to concede on any spending cuts. none...
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Jan 21, 2013
01/13
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LINKTV
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but his first priority is getting congress to increase the nation's debt ceiling at that talk about cutting the debt. that's where some think he will try to cement his legacy. >> he's going to try to get our long term in thailand obligations under control and set us on a new fiscal course. >> the president's first foreign-policy priority last term was israeli-palestinian peace. it's unlikely to take the top spot the second time, where most expect the president's focus to be on iran. >> it's hard to believe if we can't get a meaningful negotiation within the next two years that you will not have it read capable of producing a nuclear weapons. then, the u.s. has the choice in its negotiations -- will the solution be containment or is it going to be a preventive strike? >> as he takes the oath again, he will do it with the experience of that presidencies are often formed by crises that happened outside of their control. he will know all folksy brought here last i did not change washington. he will try something -- you have to try something new if you want to accomplish his ambitious agenda thi
but his first priority is getting congress to increase the nation's debt ceiling at that talk about cutting the debt. that's where some think he will try to cement his legacy. >> he's going to try to get our long term in thailand obligations under control and set us on a new fiscal course. >> the president's first foreign-policy priority last term was israeli-palestinian peace. it's unlikely to take the top spot the second time, where most expect the president's focus to be on iran....
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Jan 20, 2013
01/13
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FOXNEWS
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lew is not is chummy with republicans on the hill after the debt ceiling negotiation back in 2011. for that reason and others, his confirmation hearing could be bumpy. if confirmed, he will be dealing with the top issue in this second term, how to get the economy moving and addressing the country's long term fiscal problems. >> this is a president that is forced to grapple with the budget woes, with the economy that cannot get over the hump. it will consume most of his time, i believe, in the second term. >> what he cannot do going into the term is go from economic crisis to economic crisis. that is not leadership. he has to figure out how to address this in a broader policy way. our health care reform cannot waste, must not wait and will not wait another year. >> passing health care legislation early on was high on the president's to-do list. he picked kansas governor to head up health and human services, to get health care legislation done he largely passed control over to congress to put the bill together and to figure out how to get it through. it became a messy process about 2
lew is not is chummy with republicans on the hill after the debt ceiling negotiation back in 2011. for that reason and others, his confirmation hearing could be bumpy. if confirmed, he will be dealing with the top issue in this second term, how to get the economy moving and addressing the country's long term fiscal problems. >> this is a president that is forced to grapple with the budget woes, with the economy that cannot get over the hump. it will consume most of his time, i believe, in...
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Jan 20, 2013
01/13
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FOXNEWS
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he is know chummy with the republicans on the hill after the debt ceiling negotiation. for that reason and other, his looming confirmation hearing could be bumpy. but if confirmed, lew will likely be dealing with the top issue in this second term, how to get the economy moving and addressing the count re's long-term fiscal problems. >> this is a president that is forced to grapple to the tenor of our times with the budget woes, with the economy that can't get over the hump. it's going to consume most of his time, i believe, in the second term. >> what he cannot do, going into this term is go from economic crisis to economic crisis. that's not leadership. what he will have to do is figure out how we address this in a broader policy way. >> health care reform cannot wait, it must not wait and won't wait another year. >> he chose kansas governor kathleen sebelius to get health care legislation done, he largely passed control over to continuing to get -- to congress to get the bill together. it became a messy process, about a 2,000-plus-page bill. >> this notion that this h
he is know chummy with the republicans on the hill after the debt ceiling negotiation. for that reason and other, his looming confirmation hearing could be bumpy. but if confirmed, lew will likely be dealing with the top issue in this second term, how to get the economy moving and addressing the count re's long-term fiscal problems. >> this is a president that is forced to grapple to the tenor of our times with the budget woes, with the economy that can't get over the hump. it's going to...
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Jan 20, 2013
01/13
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KNTV
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congress has decided to ease up a bit, give a three-month extension so we can lift that debt ceiling for the next three months. that will back us into, by the way, the whole idea of sequestration and dealing with the debt crisis on a more firm note in about three months. so they're giving the president, they're giving everyone a little bit of time right now to work it through. i'm sure the president is grateful for that. but for right now, vice president biden, of course, has just taken his oath of office which is very important not only because it's nice to know the vice president's all lined up. but remember, joe biden becomes a very important person to look at over the next four years because there's talk of him running for the presidency four years from now. a lot of that will depend on what hillary clinton does. she's sort of the gorilla in the room right now. but substantively right now, there's not too much going on, only because everyone is involved with the pageantry. lots of streets blocked off. they're expecting about 700,000 people this year. which seems a large number. b
congress has decided to ease up a bit, give a three-month extension so we can lift that debt ceiling for the next three months. that will back us into, by the way, the whole idea of sequestration and dealing with the debt crisis on a more firm note in about three months. so they're giving the president, they're giving everyone a little bit of time right now to work it through. i'm sure the president is grateful for that. but for right now, vice president biden, of course, has just taken his...
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Jan 20, 2013
01/13
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CNNW
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how are we going to see this ludicrous, childish behavior we saw over the debt ceiling argument, for example, come to an end and people get into a room and getting stuff done. that's the key thing, i think, for his second term. >> jamal alluded to a new strategy at the white house, which is going to be to go around congress and go directly to the american people. the white house believes the reason they got a deal in the 12th hour is because they went to the american people and the american people said by god, get something done. >> are they right? >> look, it did work. boehner has also indicated he's not going to deal with the president one-on-one. they're going to go through the regular order. the senate is going to have to do something, the house is going to have to do something. they're going to meet in conference and send it to the presidency. i think the president's legacy to go big, to get a grand bargain, to have long-term economic growth but also to have a legacy of fiscal sustainability could be his major legacy piece. and i think even though he wants to do guns, even thoug
how are we going to see this ludicrous, childish behavior we saw over the debt ceiling argument, for example, come to an end and people get into a room and getting stuff done. that's the key thing, i think, for his second term. >> jamal alluded to a new strategy at the white house, which is going to be to go around congress and go directly to the american people. the white house believes the reason they got a deal in the 12th hour is because they went to the american people and the...
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budget the debt ceiling but it's also at the same time there seems to be schizophrenia because people don't like the idea of a precious metal like gold being back in the currency but they somehow like the idea of a fan a fantasy platinum coin fixing their debts. and problem is this gets a frantic is it madness or does this tell you yes it's actually stupidity max and i'm not saying that mr bernanke and whoever it was a came up with this ridiculous idea has a low i.q. that's not the case i'm defining stupidity as an unwitting tendency to self-destruction and. the idea of creating a trillion dollar coin is really to get around the debt limits and things like that which are all a charade anyway what's happening is that the u.s. government is spending well it depends on how you do your college thing with accrual accounting or cash accounting but they're running deficits of in between a trillion and a half for a five trillion dollars per year if you use a cruel accounting. so they're going to be printing up lots of money and whether they do it by creating a trillion dollar koreans. or not
budget the debt ceiling but it's also at the same time there seems to be schizophrenia because people don't like the idea of a precious metal like gold being back in the currency but they somehow like the idea of a fan a fantasy platinum coin fixing their debts. and problem is this gets a frantic is it madness or does this tell you yes it's actually stupidity max and i'm not saying that mr bernanke and whoever it was a came up with this ridiculous idea has a low i.q. that's not the case i'm...
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Jan 19, 2013
01/13
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WTTG
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. >> you're also talking about the debt ceiling, three-month extension on that. >> the interesting development is that house republicans had a retreat in williamsburg and just came out with word they want to extend the debt ceiling for about two, three months because they don't -- they want to have a battle over spending with the president but not over the possibility of default. they know that would tank the economy. it would rile up the financial marks. i think they'll kick that down -- markets. i think they'll kick that down the road and have a fight over sequestration. one way or another they'll have a logger head with the president when it comes to cuts and dramatic spending. >> your power play of the week? >> reverend ruiz leon, the church of the president. i've lived in washington 30 plus years and never been inside the church, driven past it plenty. beautiful place. presidents have gone there since 1816. president obama will go there for his preinaugural worship service monday. >> speaking of inauguration, big plans for ask you? are you attending any balls? >> thank god, no. i'm way to
. >> you're also talking about the debt ceiling, three-month extension on that. >> the interesting development is that house republicans had a retreat in williamsburg and just came out with word they want to extend the debt ceiling for about two, three months because they don't -- they want to have a battle over spending with the president but not over the possibility of default. they know that would tank the economy. it would rile up the financial marks. i think they'll kick that...
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ceiling i mean there's absolutely no reason why there should be a specified ceiling to the federal debt congress imposes that on itself and then having imposed it has to vote to lift it which it inevitably must so this is a pretty awesome fishel crisis a purely political crisis if you look away from the politics of washington at the u.s. economy it is unquestionably in recovery mode and what's most exciting about it right now is the way the discovery of shale gas in the exploitation of shale oil is ushering in a new era in which the united states will become energy independent for the first time in two generations i think that's going to be the cue for a written a song for the american manufacturing and the world is going to be pretty surprised by what the united states does economically over the next ten years which by the way has big implications for russia to. ten years ago if you were running gazprom you never thought for a minute that you would find yourself being on the cards by north america but that's what's happening bad implications for russia and i think that's one thing that
ceiling i mean there's absolutely no reason why there should be a specified ceiling to the federal debt congress imposes that on itself and then having imposed it has to vote to lift it which it inevitably must so this is a pretty awesome fishel crisis a purely political crisis if you look away from the politics of washington at the u.s. economy it is unquestionably in recovery mode and what's most exciting about it right now is the way the discovery of shale gas in the exploitation of shale...
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Jan 17, 2013
01/13
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FOXNEWSW
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the debt ceiling has been in place since 1939. you have competing ideas, one on the house, john boehner said we'll raise the debt sealing a dollar for every dollar you cut spending. republicans out of pennsylvania, pat toomey you prioritize the bills you pay for long period of time. weeks and months. make sure the military is taken care of. >> sure. bill: would you back house idea or senate idea or neither? >> i think both are part of the negotiation strategy. i think john boehner's plan to bring down spending dollar for dollar makes a lot of sense and i think pat toomey's does. you don't want to cut very things most critical to the u.s. there is lot of garbage spending in government, believe me, bill, when i say that. why would you make the critical spending the first things you're going to cut except just to hold the country hostage. that is what the democrats are threatening. it doesn't make sense. bill: do you think republicans can win on either option? >> if they do it carefully, slowly and comfortably, yes i do think they ca
the debt ceiling has been in place since 1939. you have competing ideas, one on the house, john boehner said we'll raise the debt sealing a dollar for every dollar you cut spending. republicans out of pennsylvania, pat toomey you prioritize the bills you pay for long period of time. weeks and months. make sure the military is taken care of. >> sure. bill: would you back house idea or senate idea or neither? >> i think both are part of the negotiation strategy. i think john boehner's...
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Jan 16, 2013
01/13
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FOXNEWSW
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rid of the debt ceiling. most countries don't have a debt ceiling. you still need votes from congress to authorize spending. you couldn't just borrow willy nilly anyway. the simple fact is the debt ceiling is the one time in the legislative process where you actually get a bill. everyone having all this contest of whose analogy is right, whether it's a family with a budget, whether it's this. or that, whether it's dining and dashing as the president likes to say. the debt ceiling is the moment you get the credit card bill and it's the only moment. and if you can't have a sort of reckoning about your spending habits when you see your credit card bill you're never going to have that reckoning. i'm in favor of it. i'm in favor of any speed bumps towards more spending and this is as good as any. jon: the president was talking about it at his news conference the other day. i want to play something that he had to say and get your reaction. >> if congressional republicans refuse to pay america's bills on time, socia
rid of the debt ceiling. most countries don't have a debt ceiling. you still need votes from congress to authorize spending. you couldn't just borrow willy nilly anyway. the simple fact is the debt ceiling is the one time in the legislative process where you actually get a bill. everyone having all this contest of whose analogy is right, whether it's a family with a budget, whether it's this. or that, whether it's dining and dashing as the president likes to say. the debt ceiling is the moment...
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Jan 16, 2013
01/13
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ceiling. geithner says he will replace the money, about $156 billion, once the debt limit is raised. it should not jeopardize monthly pension payments. >>> the world anti-doping agency says if lance armstrong wants to compete, he'll have to testify under oath. in a tell-all interview with oprah airing tonight, armstrong admits to doping. we're also hearing from the livestrong foundation which said in a statement, we expect lance to be completely truthful and forthcoming in his interview and with all of us in the cancer community. inspired by the people with cancer whom we serve, we feel confident and optimistic about the foundation's future and welcome an end to speculation. >>> just moments ago, look at this, crews rescued a woman who had been trapped for several hours in between buildings in portland, oregon. she apparently went out for a smoke break and somehow fell into a tight space between those buildings. firefighters actually had to cut through a wall of a parking garage to get her out
ceiling. geithner says he will replace the money, about $156 billion, once the debt limit is raised. it should not jeopardize monthly pension payments. >>> the world anti-doping agency says if lance armstrong wants to compete, he'll have to testify under oath. in a tell-all interview with oprah airing tonight, armstrong admits to doping. we're also hearing from the livestrong foundation which said in a statement, we expect lance to be completely truthful and forthcoming in his...
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Jan 16, 2013
01/13
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KNTV
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ceiling. treasury said the move would give it $156 billion in additional spending capacity and insist that retirees will receive benefits. in a letter to john boehner, treasury secretary tim geithner said the step has been taken before during previous impasses over the debt limit. several republican lawmakers are set to direct treasury to prioritize which bills to pay if congress doesn't raise the debt ceiling. let's get you a check on the markets. futures are lower as we get big earnings this morning from jp morgan and goldman sachs. we have jpmorgan lower whereas goldman sachs is higher. stocks advanced yesterday with the dow extending the winning streak to five days and the s&p 500 hitting a five-year high. we get data out on consumer prices, industrial production and housing. watch out for that. back to you. >> seema, thank you very much. it's 5:17. as you know, facebook yesterday announced the new search. we'll look at what it can do in a bit. >> we look forward to that, thanks. >> 5:17 n
ceiling. treasury said the move would give it $156 billion in additional spending capacity and insist that retirees will receive benefits. in a letter to john boehner, treasury secretary tim geithner said the step has been taken before during previous impasses over the debt limit. several republican lawmakers are set to direct treasury to prioritize which bills to pay if congress doesn't raise the debt ceiling. let's get you a check on the markets. futures are lower as we get big earnings this...
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Jan 16, 2013
01/13
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i think we should extend if not end the debt ceiling issue. we should just set it aside for a considerable period of time. we should tackle sequestration and we have to do that in the next six weeks. so i'm hopeful that we don't drag this out as some people are saying and then move on to serious discussion of tax reform and entitlement issues. so i see it in a sense the opposite way. i say let it is done, the sequestration part in the debt ceiling in the next six weeks and then move on. those who are you saying let's do a triple by drivel, they are the ones who would be undermining the effort to sit down and had a serious discussion of tax reform. >> we have about two minutes left. francine. >> the question itemized reductions. what is your thought of having a cap and itemized deductions that people use for whatever they want. mortgage or a charity or whatever. >> i think the problem with a cat is that it has to seriously consequence, especially for charitable contributions. because a substantial portion of the charitable contributions come fr
i think we should extend if not end the debt ceiling issue. we should just set it aside for a considerable period of time. we should tackle sequestration and we have to do that in the next six weeks. so i'm hopeful that we don't drag this out as some people are saying and then move on to serious discussion of tax reform and entitlement issues. so i see it in a sense the opposite way. i say let it is done, the sequestration part in the debt ceiling in the next six weeks and then move on. those...